Stock Market

Rough ride on the markets

Investors sent share prices tumbling yesterday first in Hong Kong and Shanghai and then in the United States as concerns heightened that Beijing may undershoot its economic growth target this year.

Tuesday, 24 July, 2012, 12:00am

It's nothing personal

The independent brokerage firm is dying. Big consumer banks are taking over the business, partly because they have better customer traffic. But this is happening mainly because big banks have better internet trading platforms.

23 Jul 2012 - 12:00am

Arriving at a cost is a magical mystery tour

In 2004, Google came to market with an initial public offering (IPO). The company took an unconventional approach to pricing: it put its offer to all investors through an open, Dutch auction.

23 Jul 2012 - 12:00am

Hopes of policy supportpush up mainland stocks

Stocks in Shanghai and Hong Kong rose yesterday on investor hopes that Beijing may soon issue stimulus measures to support the mainland's economic growth.

Speculation about new market support intensified yesterday, with traders and analysts expecting Premier Wen Jiabao may announce some policies to encourage more investment and boost domestic consumption.

20 Jul 2012 - 12:00am

Singapore's stringent rules may help HKEx

Hong Kong Exchanges and Clearing does not plan to follow the example of its Singapore rival, which will tighten listing requirements from next month after a series of accounting scandals involving small Chinese players.

Bankers said Singapore's reform would discourage companies from listing on the island state's SGX and quality smaller firms might prefer to list in Hong Kong.

20 Jul 2012 - 12:00am

Takeover bid lifts HK Parkview up 43pc

Shares in The Hong Kong Parkview Group shot up nearly 43 per cent yesterday after Cofco Corporation announced a HK$362.18 million takeover bid for the property investment company.

19 Jul 2012 - 12:00am

Technology fuels growth

The Hangzhou Economic and Technological Development Area (HEDA) has fuelled the city's economic growth for two decades.

Last year, 1,137 enterprises were set up, bringing in additional capital of 2.095 billion yuan (HK$2.556 billion), up 12.9 per cent from 2010.

18 Jul 2012 - 12:00am

No halt to IPOs, says securities regulator

The mainland's securities watchdog has rejected a call from some investors for a halt to initial public offerings as a means to prop up the weak domestic share market.

16 Jul 2012 - 12:00am

Silence isn't golden for these traders

Founded more than 100 years ago, during the Qing dynasty, the Chinese Gold and Silver Exchange Society is still going strong in the 21st century.

It has flourished in recent years as surging gold prices helped turnover soar and spawned new products.

16 Jul 2012 - 12:00am

Start spreading the news - a lot earlier

Knowledge is power. That is especially true when it comes to investing in initial public offerings. On July 8 in the SCMP, columnist Jake van der Kamp argued that retail investors seem to be getting too little of it - or rather that information on IPO issuers is being made available to the public too late in the process ('SFC appears to be in la-la land over listing documents').

16 Jul 2012 - 12:00am

Boom and bust for Taiwan and mainland not the same

The composite index, after two years of sharp falls in 2010 and 2011, advanced nearly 12 per cent as of early March this year before retreating. It also fell below last year's dismal year-end close on January 6.

SCMP, July 10

15 Jul 2012 - 12:00am

Choppy conditions mean trying times for debutants

Three mainboard listing debutants saw their shares trade flat yesterday, while a fourth, Qualipak International, saw a dismal 10.7 per cent drop on its first day.

Shanghai-based car dealer China Yongda Automobiles Services closed at HK$6.62 after trading 2.3 per cent lower than the issue price of HK$6.60 in intraday trading.

13 Jul 2012 - 12:00am

Selling its IPO a stretch for fabric maker Silverman

Mainland fabric maker Silverman Holdings, which is set to list in Hong Kong this week, is struggling to attract individual investors to its initial public offering (IPO) of shares.

12 Jul 2012 - 12:00am

New licences to curb OTC risks

The Securities and Futures Commission (SFC) will introduce two new licences next year to regulate investment banks conducting over-the-counter (OTC) trading and clearing as part of a global effort to curb risk and bolster transparency.

The reform will require a change in the law submitted to Legislative Council by the end of this year.

12 Jul 2012 - 12:00am

SFC appears to be in la-la land over listing documents

'Many draft listing documents failed to provide meaningful disclosure on the listing applicants' risks, historical financial performances and future plans for investors to make an informed assessment of the applicants' businesses and prospects.'

Securities and Futures Commission

8 Jul 2012 - 12:00am